The cereal maker attributed its earnings decline to higher commodity prices and weakness in European sales.

The company recently purchased the Pringles snack food brand from Procter & Gamble (NYSE:PG) for $2.7 billion, part of Kellogg’s ongoing effort to diversify its product line away from breakfast foods.

Drawing the majority of its revenue from international sales, Pringles also offers Kellogg’s a beachhead in markets outside the U.S.

The company noted that during the second quarter, North American sales rose 5.9%, while overall overseas sales fell 3.8%, and European sales fell 3.6%. Latin American sales, by contrast, increased 6.8%.